IVZ 1.64% 6.2¢ invictus energy ltd

Ann: Gas Sales Agreement to Deliver Power to Eureka Gold Mine, page-270

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    With reference to the above discusion regarding anticipated Government take at 55-60%, can someone please confirm that I have the correct estimate as follows.....

    Initially IVZ has 80% ownership. Ownership will reduce to 70% or 72% for a success case.

    If the PPSA Government take is 60%, would that leave IVZ with 40% of the license or 40% of 72% = 28.8%?

    Thanks

 
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